Settlement Value Securities definition

Settlement Value Securities means the securities included in the calculation of the Settlement Value by the Calculation Agent pursuant to the Calculation Agency Agreement. The Settlement Value Securities will initially consist of the common stock designated as the Index Stock on the face of this Note.

Settlement Value Securities means the securities included in the calculation of the Settlement Value from time to time and shall initially consist only of the Index Stock.

Settlement Value Securities shall have the meaning set forth in Section 1 of this Annex A.

Examples of Settlement Value Securities in a sentence

• If the Company determines that it is prohibited from delivering Settlement Value Securities, or that it would be unduly burdensome to do so, the Company shall pay the applicable Payment Amount in cash.

• If “Stock Settlement” on the face of this Note is checked as applicable, this Note may be settled on the Stated Maturity Date or any Optional Repurchase Date (but not upon any Redemption, acceleration of the maturity of this Note or other prepayment of this Note prior to the Stated Maturity Date unless otherwise specified herein), with shares of Settlement Value Securities at the Company’s option, at the Holder’s option or mandatorily, as indicated on the face of this Note.

• If Stock Settlement is applicable, the Company will pay the applicable Payment Amount, subject to the following paragraph, by delivering, for each YEELDS represented hereby, Settlement Value Securities having a value on the applicable Valuation Date equal to the applicable Payment Amount.

• The Calculation Agent will determine the number and kind of Settlement Value Securities to be delivered, and whether cash shall be delivered in lieu of, or in addition to, any Settlement Value Securities, in accordance with the Calculation Agency Agreement and in performing such calculation, the Calculation Agent will round down the cash payment to the nearest cent.

• If the relevant Notes may be settled on the Stated Maturity Date or on the Optional Repurchase Date and if Stock Settlement is applicable, the Calculation Agent will determine the number and kind of Settlement Value Securities to be delivered, and whether cash or other property shall be delivered in lieu of, or in addition to, any Settlement Value Securities, all in accordance with Section 4 hereof and the terms of the relevant Notes.

More Definitions of Settlement Value Securities

Settlement Value Securities means, if the Reference Equity specified on the face of this Note is a common stock or a basket of common stocks, the securities included in the calculation of the Settlement Value by the Calculation Agent pursuant to the Calculation Agency Agreement. The Settlement Value Securities will initially consist of the common stocks designated as the Reference Equity on the face of this Note.

Settlement Value Securities means the securities included in the Settlement Value from time to time and shall initially be the common stock of Marsh & McLennan Companies, Inc. The Settlement Value Securities shall only be adjusted by the Calculation Agent pursuant to the Calculation Agency Agreement for certain extraordinary corporate events as set forth in the Calculation Agency Agreement.

Settlement Value Securities means the securities included in the calculation of the Settlement Value from time to time and shall initially be the common stock or common stocks designated as the Reference Equity on the face of this Note, unless adjusted for certain extraordinary corporate events as described herein.

Settlement Value Securities means the securities included in the Settlement Value from time to time and shall initially be the common stock of Xxxxx & XxXxxxxx Companies, Inc., unless adjusted for certain extraordinary corporate events as described herein.

Settlement Value Securities means the securities included in the calculation of the Settlement Value from time to time and shall initially be the common stock of Calpine Corporation, unless adjusted for certain extraordinary corporate events as described herein.

Settlement Value Securities means the securities included in the calculation of the Settlement Value from time to time and shall initially be the common stock of LSI Logic Corporation, unless adjusted for certain extraordinary corporate events as described herein.

Settlement Value Securities are defined in Section 1 herein.